What is the advantage of a computer-based transaction processing system
A. Does not require as stringent a set of internal controls
B. Will produce a more accurate set of financial statements
C. Eliminates the need to reconcile control accounts and subsidiary ledgers
D. Will be more efficient at producing financial statements
Answer: Option D
Solution(By Examveda Team)
A computer-based transaction processing system will be more efficient at producing financial statements.Related Questions on Tally
A. Peutronics
B. Tally Solutions
C. Coral Softwares
D. Vedika Softwares
in general the financial year from shall be from
A. 1st April of any year
B. 31st March of any year
C. All of them are true
D. None of these
Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
Which option is used in Tally to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
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